Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work for the benefit of all. - John Maynard-Keynes
Not sure if the financing could get more circular.
Y’all believed that bullshit? Seriously? This dude was bad news from day one but Scammy Altman. Felon Musk, Mark Fuggerbeurk, Diarrhea Amodei, Sundar Pagal Bakwaas are all equally at fault.
I’m not completely sure, but I think you may have a typo somewhere in there.
As a Nasdaq ETF holder can I sue the pants off of Nvidia?
unsure, tbh. technically he did activate more money to chase his cards while keeping prices high for large-scale customers, so it would be really difficult to claim he did not act in nvidia’s best financial interest this particular time. sure it’s an evil move, but it’s pro-corporate evil, which is explicitly encouraged under securities legislation.
I hope he suffers long and hard. His actions are also terrible for the environment.
holy marbles, the delusion gamers make to cope. Rubio already pardoned him!
“I am shocked there’s gambling in this casino!” moment here.
But truly, these folks triggered what might be the one of the biggest economic busts in history by creating an entire fake industry around so-called “AI”. Gamers got to be first on the chopping block. Now the rest of the economy is gonna be on the hook.
Fuck that guy.
Chinese spies taking notes
Lol. Did you guys think there was an actual shortage?
There’s no ram shortage either, hate you break it to you.
Cool, how do I get normal priced RAM? There’s a shortage of that.
Thing is, I said something to that effect a while back, that this was nothing but manipulation. Then came the “nah broh, this is real, we ran out sand and fabs” comments.
I’m not going to gloat about something terrible being true, but I am going to wag my finger at people who are too naive to question the motivations of the ultra-wealthy.
I’m going to gloat. I am totally going to gloat.
Thanks for taking down to us, we were all born yesterday out of the same vag.
microsoft drank the cool-aide and turned the hallucination loose on 365? hmm
I wonder how that’s playing out with corporate customers. My company went from reliable customer to offering employees the choice of macbooks, moving to Google workspace away from m365, and moving to GitHub Enterprise (self hosted) away from GitHub.
So your company has 34 people or they love wasting money on divergent technology?
I’m not a fan of MS at all, but trying to run a scattered mess of technology gets very expensive very fast, even more at scale.
Shattering? Upholding the perception.
The next bubble is coming. Who is providing the electricity for the coming flood of chips?
Solar… there is enough power to go around.
What makes you think there’s a flood of chips coming? The chip makers have been producing them at a constant rate. The electricity shortage is an issue, but that’s why the hyperscalers have been spending so much on generators and talking about restarting mothballed nuclear reactors.
If the AI bubble pops, the chips will mostly go unused, or at least lightly used, and the electricity demand won’t happen.
Now that people know that there is excess silicon they can’t hide it anymore.
The AI company valuation may pop but AI will stay. There is no limit to the amount of AI that can be used.
There is certainly a limit. One we’ve already reached.
AI will stay. There is no limit to the amount of AI that can be used.
Well, that’s debatable. Right now the advances and continued low costs are heavily subsidized by the speculation. As speculation slows, it remains to be seen how that impacts costs, demand and quality.
There isn’t excess silicon.
The funny thing was is I always told myself I didn’t like Nvidia. There was just something about them being everywhere that always annoyed me. But the stock did great. The cards were awesome. AMD just couldn’t get their acts together to compete against anything Nvidia or even Intel for that matter. It’ll be interesting to see what happens in the next 6 months to a year with all of this. Maybe Nvidia will go back to making graphics cards and leave the AI to the new sheriff’s in town whoever those turn out to be.
And then I have to read some dumbass commenting that he was the only one still fighting to keep GeForce going, while simultaneously working to keep prices high, lmao
Called this months ago. It’s basically the same as the diamond industry. Create false scarcity to increase prices.
It’s not really false scarcity though. It’s creating real demand to create real scarcity. It’s like if diamond miners invested in companies putting diamond tips on drills or something.
Chip manufacture was also deliberately slowed. The whole industry was in on the con.
What I’ve heard is that the companies that make memory didn’t slow production, but they didn’t ramp up production either. They kept it at the same rate, and then just watched as the prices went up. At least the workers in some of those companies went on strike so they could get a share of the immense profits.
But, they weren’t colluding with the AI companies or nVidia. Those companies were pissed off that they had to pay top dollar for memory. They wanted the companies to invest in more production capacity so they could buy the memory for a reasonable price. But, there were only a couple of companies that manufacture memory, so it was easy for them to collude and screw over the hyperscalers (and incidentally ordinary consumers).
I wonder if soon we can get lab grown gpus for cheap before marketing makes them cost the same as blood gpus.
China mass produces lab grown diamonds that are indistinguishable from real ones. The diamond industry has put a lot of effort into convincing people they can tell real from fake, or else why would anyone pay “real” prices.
Sort of funny there are constant mainstream news stories about the huge performance gap between “real” american GPUs and fake “chinese” GPUs.
The current (manufactured) hot thing in diamonds is highlighting flaws, like minor changes in color, to prove that it’s a natural diamond. It’s a real 180° from previous marketing that marked up “flawless” diamonds.
Or, “Swarovski crystal”, which is glass, not diamond.
As for the “fake Chinese GPUs”, yeah they’re ripoffs, and they’re improving their manufacturing process to catch up with the US very quickly.
Imagine if DeBeers had copyrights and patents on diamonds.
I kind of feel like channel-stuffing is a different Ill, maybe, or a more egregious one, on TOP of it.
Like a hat or a purse accessory for the other crime.
It only the second hand GPUs market was as cheap as with diamonds
As much as I hate Jensen, I have to admit that he was great in both being a technical visionary and also maximizing profit by extracting everything from his customers.
So removing him as CEO in a capitalist society makes absolutely no sense to me.
So removing him as CEO in a capitalist society
A capitalist society is one where the owners of capital want to continue to make a profit. By getting caught with a Chinese spy when selling advanced chips to China is one of the few illegal things that the Trump administration cares about, he put those profits at risk. His actions opened the door for investigations into nVidia. Every company has dirty laundry, and it’s not just Jensen’s affairs, so they don’t want those investigations to happen.
He also is a major owner of nVidia stock, so he probably figured the best way to keep his money safe is to resign.
Now he just needs to go get diagnosed with sex addiction or something, spend some time in rehab, do an apology tour, and in a few years he’ll be back as CEO.
one of the few illegal things that the Trump administration cares about
The Trump administration knew about for months and did nothing, they knew the company that lady was CEO was sus AF and did nothing. Jensen was sidelined for a China trip and Trump itself ordered that he was invited.
Trump itself
slow clap Nice. 😏
I will never understand people fanboying tech CEOs/founders, or pretty much anyone honestly. Appreciate their work, if they do good work, but anything else is cringe, for lack of a better word.
Pretty much every single one turned out to be a monster in the end. Except Wozniak and probably only because he retired before he could be corrupted.
Its not even that, I dont understand what’s to gain by being Jenson’s biggest fan. He doesnt even know they exist. I understand why people would do a bunch of other awful shit, but I really don’t get this one.
I don’t think any consumer should fanboy him but the shareholder/board members of the owner class should love him.
Its cuz he was in bed with this weeks bad guys
It’s gotta be far worse than we know for him to have resigned so quickly.
I imagine he and/or Nvidia thought his resignation might help him escape the 20 year federal prison sentence for his seemingly wilful violation of export control laws, and the annoying thing about it all is that it probably will.
We need to move away from prosecuting traitors only for them to be pardoned, and move towards angry mobs that get jury nullified.
My conspiracy theory is that the bag-holders didn’t want to get caught when the bubble popped, so they spun up this story of an affair with a woman who could possibly be affiliated with the Chinese government, in order to knock Nvidia off the top spot. Now, Nvidia is going to deflate, and it’s the small players holding the bags.
Capitalists gonna capitalist
